Wheat Trade Gone Wild

[kinggyppo]

Another cautionary tale on risk management.

http://www.marketwatch.com/news/sto...x?guid={14CEA434-5F93-440F-9F13-D485C93AA721}

 

[nazzdack]

These wheat-related threads in the Wall Street News Forum.......it must be the "final-top" in that market!.......I hope!

 

[Digs]

Its been raining on Aussie wheat crop, so watch out for profit takers.

 

[kinggyppo]

I always love the reporting. I read the first article that came out. Looked like the press release. Now everyone who f**ks up is a rogue trader. I love how everyone just buys the story, no one says WTF. Blame the volatility, it doesn't mind.

 

[Landis82]

Quote from kinggyppo:

I always love the reporting. I read the first article that came out. Looked like the press release. Now everyone who f**ks up is a rogue trader. I love how everyone just buys the story, no one says WTF. Blame the volatility, it doesn't mind.

Where do you see in the article that MF is blaming the losses on "volatility" in the wheat market?

You clearly could use a course in "Reading Comprehension".